Solana (SOL) has seen a massive 35% weekly surge to a new year-high of $220, closing last week above levels not since in nearly three years. As the cryptocurrency soars and whales accumulate, some market watchers suggested SOL is poised to fly to new levels soon. Solana Hits Three-Year High Price Solana has been one of the best-performing altcoins this bull run, seeing a massive surge in the past year. The cryptocurrency recently flipped Binance Coin (BNB) as the fourth-largest crypto by market capitalization after nearing the $190 price range last Wednesday. Since then, Solana has broken past the long-awaited $200 barrier and reached a $100 billion market capitalization, cementing its title as one of the cycle’s leaders. Moreover, SOL’s surge above $200 represented a breakout from a 34-week accumulation zone, which saw the token’s price move between the $210 and $110 range. SOL closed its massive week with a 35.6% jump above $215, recording the fourth-largest weekly close in the token’s history. Additionally, Solana hit a three-year high price, challenging November 2021 levels. SolanaFloor noted that SOL has seen a 291% increase in the past year, as the cryptocurrency was trading at $56 on November 11, 2023. The token has also seen a massive 1350% surge from its price two years ago when it fell as low as $10 after FTX’s collapse. Solana’s recent performance has fueled investor and market watchers’ bullish sentiment, with large-scale investors seemingly preparing for SOL’s new highs. According to On-chain data firm Lookonchain, whales have been accumulating the cryptocurrency. The post highlights that an investor has bought millions of dollars in SOL tokens since October 22. On Sunday, the whale purchased another 7,500 SOL, around $1.57 million, raising its total holding to 257,599 SOL, worth around $56.6 million at the time of writing. SOL’s Pathway To $260 Following SOL’s breakout, some crypto analysts suggested that Solana is about to hit a new all-time high (ATH). Market watcher CryptoHornHair asserted that the token will soon enter price discovery mode like Bitcoin (BTC). BTC is leading the crypto market’s rally, registering a staggering 23% weekly surge and hitting a new ATH of $84,929 today. The analyst stated that Solana has “no resistance to be found on SOL above $216 until new ATHs.” Altcoin Sherpa also noted that Solana is near ATH territory, suggesting that the $260 target is around the corner. Similarly, Rekt Capital pointed out that the token is “technically well-positioned to repeat history with a move to $260 over time.” The analyst considers SOL’s “momentous weekly close” and retests of the old $202 resistance as support has primed Solana for a surge to the ATH resistance levels. Per the post, the last time SOL performed a weekly close like this, it rallied to $260. At the time of writing, Solana is trading at $219.56, a 6% surge in the daily timeframe.

Ethereum whale activity fuels ETH rally, nearing critical $4,000 resistance. Long-term holders showing confidence; ETH holding time steadily increases. Ethereum (ETH) has experienced a notable rally over the past week, reaching a high of $3,184—a level last seen three months ago. This price surge follows Bitcoin’s own bullish movement, pushing the overall crypto market into a “greed” zone and boosting Ethereum by 8% in the past 24 hours and 33% over the past week. The current rally can be attributed to a combination of factors. First, increased trading volume and substantial whale accumulation suggest high market confidence. According to Santiment data, Ethereum whales have recently ramped up transaction volumes, reinforcing upward price momentum. This whale activity often indicates potential for sustained gains, given that large investors typically exhibit longer-term optimism in price trends. Meanwhile, the technical indicators reveal both opportunities and risks. Ethereum’s 14-day Relative Strength Index (RSI) stands at approximately 76, indicating overbought conditions. While an elevated RSI could signal the likelihood of a pullback as traders take profits, it can also reflect strong bullish momentum if volume support holds. On Balance Volume (OBV) is also trending upwards, a sign of strong buying interest, possibly underpinned by whale accumulation. What Awaits Ethereum Investors? Additionally, long-term holders (LTHs) have contributed to market stability, as many refrained from selling during Ethereum’s recent consolidation around the $2,700 mark. However, with ETH nearing critical resistance at $3,200, some LTHs are starting to take profits, signaling a subtle change in sentiment. This shift could create headwinds if enough seasoned holders reintroduce supply into the market, testing Ethereum’s rally strength. ETH Price Chart, Source: Sanbase In terms of investor sentiment, Ethereum’s coin holding time they are increased by 40% over the past seven days, suggesting confidence in ETH’s future potential. Short-term holders have also shown greater resilience, with a 9% rise in holding periods. If Ethereum establishes support around $3,103, it may have a clear path toward its year-to-date high of $4,095. However, intensified selling pressure could invalidate this bullish outlook, potentially leading ETH below $3,000 and even testing the $2,869 level if market sentiment shifts. Highlighted News Of The Day Dogecoin Surpasses $45.35B Market Cap, Eyes $1 Target After 52-Week High

Bitcoin hit a new all-time high of $89,863 amid rising demand and limited supply. Post-2024 halving supply shock is driving demand, with more price gains expected. Bitcoin reached a historic milestone today, hitting an all-time high of $89,863. This new peak underscores the remarkable upward momentum Bitcoin has shown in recent days. The price surge reflects a 10.80% increase in the last 24 hours, with Bitcoin now trading at around $89,871.28. Trading volume is also surging, standing at $132.32 billion—up by 55.01%. Bitcoin’s market cap sits at an impressive $1.76 trillion, dominating 58.90% of the crypto market despite a slight 0.05% dip from the previous day. Bitcoin investor and author Jesse Myers attributes this price rally to a post-halving supply shock, which has intensified since the 2024 halving event. Myers notes that Bitcoin’s unique halving cycle, which reduces new supply by 50% every four years, creates a predictable supply-demand imbalance. As the supply dwindles, demand outstrips available Bitcoin at current prices, pushing prices higher to restore equilibrium. Myers describes this as a recurring phenomenon, noting similar post-halving bull markets after the 2012, 2016, and 2020 halvings. He believes that we are in the early stages of the post-2024 halving bull market, potentially leading to a new price bubble. Bitcoin Bulls Rise on Record Inflows & Bullish Indicators Bitcoin ETFs in the U.S. saw an inflow of $1.094 billion, the second-largest on record, highlighting strong institutional support. This influx is an encouraging sign, as it adds to Bitcoin’s current price momentum and aligns with the recent trend of major capital flows into digital assets. Whale moves further indicate rising investor interest. Recent whale transfers include 3,000 BTC (worth $253.88 million) and 2,000 BTC (valued at $169.26 million), both moved between unknown wallets. Additional transfers of 2,070 BTC ($182.83 million) and 2,307 BTC ($204.94 million) were also recorded, the latter originating from Mt. Gox to an unknown wallet. Technical indicators support a bullish outlook. Bitcoin’s current support level is around $77,731, with resistance close to the all-time high of $89,604. Breaking past this resistance could propel prices further. The Relative Strength Index (RSI) is currently elevated at 84.55. With an average of 67.19, indicating overbought conditions yet strong market demand. Moving averages show a positive crossover, typically signalling ongoing upward movement. Highlighted Crypto News Today Will Solana (SOL) Keep Up Bullish Trend or Slip for a Pullback?

MEXC, a leading global cryptocurrency trading platform, took center stage at the first-ever Crypto Content Creator Campus (CCCC) conference, held at the W Hotel in Dubai. Bringing together top industry experts, influential key opinion leaders (KOLs), and senior executives, this landmark event focused on shaping the future of blockchain content. MEXC’s involvement at CCCC underscores its dedication to advancing blockchain innovation and empowering a dynamic, collaborative ecosystem for content creators. CCCC Highlights: Sharing Industry Trends The CCCC conference offered a unique platform for industry leaders to spearhead meaningful discussions and collaborate on the latest trends in crypto content creation. Covering topics from emerging industry trends to advanced content creation techniques, the event focused on elevating content quality, encouraging cross-platform knowledge exchange, and cultivating an environment that supports learning and career growth. Attendees came together with a shared vision to shape the future of crypto content creation. MEXC actively engaged with users during the event, sharing valuable industry insights and championing the expansion of the crypto ecosystem. Known for its rapid listing speed and extensive range of tokens, MEXC stands out in the industry with competitive advantages, such as the lowest trading fees, comprehensive liquidity, and strong annualized returns on MX airdrops. Through in-depth discussions with attendees, MEXC showcased its unique approach and shared its optimistic vision for the future of the crypto industry. MEXC Strengthens Ties with KOLs: Ferrari Giveaway Fuels Brand Excitement At the CCCC conference, MEXC engaged in meaningful interactions with prominent KOLs, including Coin Bureau and The Moon, broadening collaboration opportunities and setting the stage for future strategic partnerships. With a global network of over 2,000 KOLs, MEXC is dedicated to empowering influencers and building mutually beneficial relationships that propel the growth of crypto content creation. A standout moment at the event was MEXC’s announcement of its highly anticipated Ferrari Giveaway, featuring a prize pool up to 10 million—the largest in the industry. This first-of-its-kind Ferrari SF90 lottery not only offers substantial rewards but also exemplifies MEXC’s bold approach to user engagement and appreciation. The Ferrari Giveaway embodies MEXC’s brand spirit of “speed and innovation,” showcasing its dedication to continuous product innovation and exceptional user experience. To boost user excitement and strengthen brand engagement, MEXC recently launched a KOL street photography challenge, inviting creators to capture unforgettable moments featuring Ferrari Giveaway’s grand prize winner. Moving forward, MEXC will continue to collaborate closely with KOLs to drive innovation in crypto content creation, elevate user experiences, and foster a dynamic, mutually beneficial ecosystem. Pioneering a New Chapter in the Industry: MEXC’s Vision for the Future Through this conference, MEXC not only showcased its industry-leading innovation but also strengthened its partnerships with global KOLs and content creators. “We see content creators as essential bridges for new and seasoned crypto users alike,” said Tracy Jin, VP at MEXC. “Our sponsorship at CCCC reflects our dedication to supporting knowledge exchange and fostering a more informed crypto community.” In alignment with MEXC’s broader commitment to crypto education and industry growth, this event sponsorship supports the platform’s mission to make cryptocurrency accessible to everyone. By empowering users with quality content and fostering partnerships within the creator community, MEXC aims to drive greater engagement, knowledge-sharing, and adoption. Looking ahead, MEXC will continue to deepen its collaboration with KOLs worldwide, creating valuable experiences and insights for users and shaping a a new chapter in the industry’s growth. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Solana marked a spike of over 5%, trading at $217. SOL’s market cap sits at $102.80 billion. The global crypto market turned bullish, with the total market cap climbing 9.37% to $2.98 trillion. In the Asian trading hours, Bitcoin (BTC) hit its new all-time high at $89,604, while Ethereum (ETH) rallied above $3.3K. This shift has ignited optimism in the market, driving a bullish outlook. Notably, the altcoin Solana (SOL) has experienced a 5.80% price gain. Over the last 24 hours, SOL has hit a high of $223.22. At press time, it is trading at the $217.25 mark. For the first time, SOL has surpassed the $100 billion market capitalization mark. Currently, it sits at $102.80 billion. A few days back, the market cap dominance of SOL hit a new high at 3.81%. During this time, CMC data revealed that SOL’s daily trading volume was $10.74 billion. Meanwhile, Solana has witnessed a 24-hour liquidation of $21.56 million. The altcoin’s price momentum saw a surge of over 36% in the past seven days. Solana began trading in the $160.30 range. Eventually, the asset’s price steadily climbed to the current price level. Can Solana Maintain its Upward Trajectory? As SOL’s Moving Average Convergence Divergence (MACD) line settles above the signal line, Solana’s four-hour technical chart has inferred an upside pressure and an impending positive sentiment. SOL chart (Source: TradingView) In addition, the Chaikin Money Flow (CMF) indicator, positioned at 0.20, indicates a positive money flow with buyers having the upper hand. Meanwhile, the trading volume has surged by 25.97%. Besides, the altcoin is in the overbought zone in the market, as suggested by the daily relative strength index (RSI), which is found at 71.41. Moreover, the daily frame of Solana exhibits the short-term 9-day MA above the long-term 21-day MA. Assuming further revival of Solana, the asset’s bull might push the price to a potential $223 level. The prolonged upside trajectory of SOL could trigger the price to hit $230. SOL could reach unprecedented levels, according to analysts, if its upside momentum remains strong. On the support side, a bearish trajectory of SOL could likely pull back the price to the $211 range. Further declines in Solana might drive the price to dip even lower to the $205 mark. Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing. Highlighted Crypto News Binance Surpasses $5 Billion in November Inflows, Hits Record $130B in User Assets

Donald Trump considers three crypto-friendly members for the SEC chair position, sources say. Trump’s pro-crypto stance has caused the election results to instigate a price rally. The crypto community has gone haphazard with excitement as Bitcoin has continued its rally to the dream high of $88,000. The overall cryptocurrency market cap is also inching closer to the $3 trillion mark. According to recent reports, BTC’s market cap has surpassed that of silver on a global level. Meanwhile, one of the root causes of the optimistic market, the US electoral results has also begun cooking its pro-crypto stance. According to the Washington Post, President-elect Donald Trump has sprung to action to deliver on his promises on crypto regulations. This is indicative through his consideration of crypto-friendly candidates for key positions in his government, primarily the SEC chair. Our community members began speculating early on who would be the next leading member of the US regulatory body. Moreover, as per sources, Donald Trump is considering three leading pro-crypto officials for the position – Daniel Gallagher, Hester Peirce, and Mark Uyeda. Gallagher is the current CLO of financial firm Robinhood, while the other candidates are previous position holders within the SEC. However, leading members of the community held the top choice as Hester Peirce, the current SEC Commissioner. She had previously stated that she would leave the SEC in 2025, but has not made any recent comments. Meanwhile, Trump’s leading advisors have also begun approaching crypto-related executives surveying for policy changes. The crypto president’s winning the elections has resulted in a full-fledged optimism for the cryptocurrency sector. What to Expect from Trump’s Pro-Crypto Stance? Donald Trump’s election campaigns have primarily focused on the crypto sector. Over the past few months, the president-elect had made several promises to members of the community, out of which regulatory clarity took the lead. After his win, several prominent members have begun addressing how reforms might occur. One such venture capitalist firm, a16z, published a blog on Monday discussing the ‘positive path’ that awaits us. Meanwhile, other leading members of the community have also expressed positive views on the sector’s future. Finally, Trump’s leadership could result in crypto’s extension of reach on a global level. However, several of his promises, including firing current SEC chair Gary Gensler can be realized only in the coming months. Highlighted Crypto News Today: Binance Surpasses $5 Billion in November Inflows, Hits Record $130B in User Assets

In line with their commitment to supporting the crypto creator ecosystem, WEEX, in collaboration with Bybit, hosted an exclusive welcome party tonight for KOLs ahead of the official start of the Crypto Content Creator Campus event. Through exclusive access to advanced market tools, real-time analytics, and dedicated support teams, WEEX and Bybit aimed to empower influencers with the resources they need to create high-quality, impactful content for their communities. Both platforms are also committed to fostering financial growth, offering tailored affiliate programs with industry-leading commission rates and incentives, enabling KOLs to monetize their influence effectively Together, WEEX and Bybit are creating an ecosystem where KOLs aren’t just content creators—they’re influential leaders shaping the future of crypto. A Thrilling Pre-Event Welcome Party with Bybit Before the official start of the Crypto Content Creator Campus (CCCC) event, WEEX and Bybit co-hosted an exclusive welcome party for KOLs, which was a resounding success. The event provided an exceptional opportunity for influencers, traders, and industry leaders to network, share ideas, and forge new collaborations in a relaxed and engaging atmosphere. Attendees praised the event for its vibrant ambiance and the valuable connections made throughout the evening. The successful collaboration between WEEX and Bybit showcased their mutual commitment to supporting the crypto content creator ecosystem. By uniting top KOLs from around the world, the welcome party set a positive tone for the CCCC event, fostering a sense of community and collective enthusiasm for the future of crypto and Web3 development. LllWEEX Partners with Crypto Content Creator Campus to Elevate Crypto Content Creation The Crypto Content Creator Campus emerges as a pivotal platform catering to the escalating demand for top-tier cryptocurrency content. The forthcoming Dubai event stands poised as a cornerstone in the crypto calendar, boasting a stellar lineup of speakers that includes industry stalwarts such as Randi Zuckerberg of Zuckerberg Media and YouTube phenomenon Zach King. With over 70 distinguished KOLs and influencers in attendance, this event presents a unique opportunity for content creators to engage with leading figures from the realms of crypto, social media, and finance. Andrew Weiner, Vice President of WEEX Global, articulates the rationale behind WEEX’s strategic alliance with CCCC, emphasizing the exchange’s unwavering commitment to integrity. In a market saturated with options, consumers seek a trusted platform to execute their crypto strategies, turning to content creators for guidance, inspiration, and education that drive responsible decision-making aligned with their individual approaches. With WEEX assuming a pivotal sponsorship role, the event is poised to set new benchmarks, affording creators direct access to unparalleled industry support and prospects for advancement. Industry-Leading Support from WEEX As a globally recognized cryptocurrency exchange, WEEX’s partnership with CCCC extends beyond mere sponsorship. With over 5 million global users and a top 5 ranking on CoinMarketCap, WEEX offers unmatched resources to help content creators excel in the crypto space. Through access to premium market insights, a comprehensive affiliate program, and exclusive opportunities, WEEX is deeply committed to empowering crypto content creators. Maximizing Earning Potential through the WEEX Affiliate Program Content creators are invited to explore the WEEX Affiliate Program, which has disbursed over 300 million USDT in commissions globally. With a community exceeding 20,000 affiliates benefiting from generous commissions and personalized assistance, WEEX champions one of the most lucrative affiliate programs in the industry. Over 500 KOLs worldwide have attained monthly earnings surpassing $50,000, underscoring the program’s capacity for substantial income generation. By sharing referral links, engaging in events, and orchestrating promotional activities, creators can unlock a breadth of earning opportunities. Influencers such as Bleeding Crypto and Bitcoin Music extol WEEX’s affiliate program, advanced tools, and tailored support, underscoring how the platform has catalyzed their revenue growth and community expansion. Reflecting on the potential impact of WEEX’s affiliate program, Andrew stated, “At WEEX, we know that without you, the content creators, our services would never reach the global audience.” By joining WEEX’s program, KOLs can convert their followers into active users on the platform, strengthening their influence and monetizing their content more effectively. Andrew’s remarks also addressed the issue of “Product Fatigue” with traditional exchanges, pointing out how WEEX’s innovative approach and growth potential can breathe new life into creators’ engagement strategies. He assured attendees that WEEX’s tools, combined with a supportive ecosystem, empower KOLs to stay ahead in the rapidly evolving crypto space. A Global Endeavor with Local Impacts The WEEX-CCCC partnership marks a pivotal stride in bolstering the global landscape of premier crypto content. By bolstering creators through educational initiatives, exclusive gatherings, and affiliate avenues, WEEX and CCCC ensure that the forthcoming generation of crypto influencers is equipped with the tools requisite for success, irrespective of their geographical location. The imminent Dubai event represented a singular facet of this overarching mission to foster innovation and excellence in crypto content creation on a global scale. About WEEX Founded in 2018 and headquartered in vibrant Singapore, WEEX Exchange has swiftly risen as a dominant global player in the cryptocurrency sphere. With a diverse selection of over 450 trading pairs and a groundbreaking zero trading fee policy for potential new listing tokens, WEEX Exchange has earned widespread recognition in the industry. Enter “WEEX WE-Launch,” an avenue to thrilling prospects that allow users to acquire WXT tokens and engage in exclusive token giveaways, marking a new chapter of engagement and empowerment. Boasting a robust user community exceeding 5 million and a daily trading volume exceeding $200 million, WEEX Exchange solidifies its status as a top 5 platform on CoinMarketCap, a testament to its unwavering commitment to excellence. For more information: Website: WEEX Exchange Media Inquiries: [email protected] Customer Support: [email protected] WEEX Exchange WE-Launch: WEEX WE-Launch Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The meme coin frenzy shows no signs of slowing, and now, even investors from top blockchains like SOL, Bitcoin, and Polkadot (DOT) are turning their attention to a new and exciting project on the SUI blockchain: Suiruto ($SHIN). With a unique Naruto inspired theme and an enthusiastic community, Suiruto is quickly becoming the talk of the SUI ecosystem. Suiruto’s $SHIN presale launched recently and has already raised over 5,000 SUI within hours. It’s clear that Suiruto’s combination of community driven features and ambitious vision is drawing interest from all corners of the crypto world. Join Suiruto Presale Why Investors Are Choosing Suiruto Suiruto is one of the first meme community driven projects that offers real value to early supporters on SUI. Here’s why SOL, BTC, DOT, and SUI investors are taking profits to get involved Early Investment Opportunity: Meme coins have a history of delivering substantial returns to those who get in early. The $SHIN presale gives investors the chance to acquire tokens before the public listing, which opens up the potential for significant returns. Presale Success: Raising over 5,000 SUI in just a few hours highlights the demand for Suiruto. This presale success speaks to the project’s appeal, driven by features like staking, clan battles, and exclusive Ninja Scroll NFTs that provide $SHIN holders with additional perks. Listing at a 50% Higher Price: Once the presale concludes, Suiruto will be listed on Cetus Protocol, the SUI blockchain’s largest DEX, at a price 50% higher than the presale. This gives presale participants a major advantage, offering a chance to buy $SHIN at an exclusive rate. Whale Attention: Here’s where it gets really interesting. Word on the street is that whales from Solana, Polkadot, Ethereum, Bitcoin and other blockchains are jumping in on Suiruto as their next big play. When the big money starts circling, you know something’s up. Suiruto Presale Details The $SHIN presale is structured to be fair and accessible: Total Supply: 100 Million $SHIN Tokens Presale Allocation: 50 Million $SHIN Tokens (50% of total supply) Presale Duration: 30 Days No Minimum or Maximum Contribution: Fair for everyone Price: 1 $SHIN = 0.002 SUI How to Buy $SHIN in the Presale Getting involved in Suiruto’s presale is straightforward: Set Up a SUI Wallet: Choose a compatible wallet like SUI Wallet or Suiet. Purchase SUI: You’ll need SUI tokens, which you can get from major exchanges like Binance or Coinbase. Visit Suiruto’s Presale Page: Fund your wallet and go to suiruto.com/ and send your SUI to the presale address. Track Your Allocation: Use the Suiruto dashboard to see your $SHIN allocation based on the total SUI contributed. Once the presale ends, $SHIN tokens will be airdropped directly to participants, giving them immediate access to their holdings. Don’t Miss Out on Suiruto’s Presale! With its presale now live and momentum building, Suiruto is quickly establishing itself as one of the most exciting projects on the SUI blockchain. Early investors are already securing their spots, and with a listing price set to be 50% higher than presale, the potential for returns is clear. Stay Connected with Suiruto: Website: suiruto.com X: x.com/SuiRutoMeme Telegram: t.me/suiruto Discord: discord.gg/bn7fUFEwQR Email: [email protected] Secure your $SHIN and join the Suiruto adventure today! Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

BlockDAG (BDAG), meanwhile, focuses on enhancing blockchain scalability with its DAG structure, allowing multiple transactions to be confirmed simultaneously. Its Proof-of-Activity consensus mechanism and reduced reliance on miners lower transaction costs, making it ideal for high-speed applications across sectors like DeFi and gaming. Helium: Decentralized Connectivity for IoT Helium, launched in 2019, aims to create a decentralized wireless network by leveraging user-operated hotspots. Its core technology, Proof-of-Coverage (PoC), ensures network reliability by verifying that hotspots are providing valid coverage. Users who run these hotspots are rewarded with Helium’s native token, HNT. The network uses the LongFi protocol, combining LoRaWAN and blockchain to optimize data transfer for IoT devices. This approach is designed to support long-range, low-power communication, making it ideal for smart city applications, asset tracking, and sensor networks. Helium’s success depends on community participation, with scalability driven by the organic growth of hotspot installations. Helium is trading at approximately $6.28, with a 24-hour trading volume of $20,042,502. The circulating supply stands at 170,472,132 HNT, resulting in a market capitalization of around $1.07 billion. Over the past year, HNT has experienced significant volatility, with a notable 244.39% increase, reaching a high of $10.08 and a low of $1.72. BlockDAG: Scalability and Speed with DAG Technology BlockDAG, on the other hand, focuses on enhancing blockchain scalability and transaction speeds through its innovative DAG structure. Unlike traditional blockchains where transactions are processed sequentially, BlockDAG allows multiple transactions to be confirmed simultaneously. This drastically increases transaction throughput and reduces latency, making it suitable for industries requiring rapid processing times. The network uses a Proof-of-Activity (PoA) consensus mechanism, which is more energy-efficient than traditional Proof-of-Work (PoW) systems. Additionally, BlockDAG’s architecture reduces the need for miners, leading to lower transaction fees. Its ecosystem is expanding rapidly, with use cases in DeFi, gaming, and other high-frequency applications. BlockDAG is currently in its presale, with coins priced at $0.022 in batch 25. The project has raised over $117 million, selling more than 15 billion BDAG coins. Analysts have set ambitious price predictions for BDAG, forecasting potential values of $10 by 2025, $20 by 2027, and $30 by 2030. These projections are based on BlockDAG’s innovative DAG technology, which aims to enhance scalability and transaction speeds in the blockchain space. Key Differences and Comparative Analysis Helium and BlockDAG are tackling different challenges within the blockchain space. Helium’s decentralized model focuses on IoT connectivity, where scalability depends on user engagement and the expansion of hotspot coverage. In contrast, BlockDAG is designed for high-speed transactions and scalability, leveraging its DAG structure to handle thousands of transactions per second. In terms of transaction costs, BlockDAG has the edge due to its efficient structure that minimizes fees. However, Helium’s minimal fees for IoT data make it attractive for businesses looking to deploy cost-effective IoT solutions. When it comes to decentralization, Helium’s reliance on user-operated hotspots ensures a highly decentralized network, while BlockDAG’s focus is more on transaction efficiency and scalability. Conclusion Both Helium and BlockDAG are pioneering in their respective areas, but they serve different purposes. Helium is ideal for projects focused on IoT connectivity and decentralized data networks, whereas BlockDAG excels in delivering scalable solutions for industries requiring fast, low-cost transactions. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

As Bitcoin (BTC) continues its notable ascent, breaking through the $85,000 mark and setting new all-time highs, market experts predict a shift in capital towards several major crypto altcoins that have yet to retest their previous peaks. Price Appreciation For Leading Crypto Post-Election Market expert Jesse Olson recently shared his altcoin watchlist on social media platform X (formerly Twitter), highlighting four cryptocurrencies, including Solana (SOL), as key players for what could be massive gains ahead. Currently trading at around $218, SOL has experienced a significant 36% increase in price over the past week, outperforming many of the top ten cryptocurrencies. Remarkably, Solana is only 15% below its all-time high of $259, achieved in November 2021. The recent surge has resulted in a nearly 50% increase in trading volume over the weekend, allowing SOL to surpass Binance Coin (BNB) and secure the fourth position in terms of market capitalization among cryptocurrencies. Key resistance levels for Solana are set at $222 and $230, which could pose challenges for further upward movement. Another altcoin featured on Olson’s list is Ethereum (ETH). While it has underperformed compared to SOL and BTC in the weekly timeframe, ETH is approaching a critical breakout point. Currently trading at approximately $3,300, Ethereum is just 33% shy of its record high of $4,878, reached in November 2021. The recent surge of 1.7% in the last 24 hours suggests potential momentum as it seeks to break through four months of resistance at $3,320 Chainlink Struggles To Break Resistance As Cardano Shines Chainlink (LINK) has shown slightly different dynamics. Although it experienced a minor 1% decrease in the last 24 hours, LINK has posted a substantial 43% surge over the week, with a trading price of $14.70 as of Monday. Despite this positive weekly performance, LINK remains 72% below its all-time high of $52.70 recorded in May 2021. The token’s nearest resistance wall is at $14.80, a level it has not breached since July. Finally, Cardano (ADA) has emerged as a standout performer, boasting an impressive 84% surge in the weekly timeframe and an 80% increase over the past two weeks. Currently priced at $0.5959, ADA is still significantly below its all-time high of $3.09, reached in March 2020, and is down approximately 81%. The nearest resistance for ADA is positioned at $0.6115, and if it surpasses this level, it could pave the way for a return to its yearly high of $0.81. Despite the challenges these altcoins face in the near term, Olson and other analysts maintain a positive outlook for the remainder of the year. The recent victory of Donald Trump in the presidential election is anticipated to enhance institutional adoption of cryptocurrencies and increase capital inflows into the market. This political shift could create a favorable environment for continued price appreciation across leading crypto assets of the ecosystem, including Bitcoin and the altcoins highlighted in Olson’s watchlist. Featured image from DALL-E, chart from TradingView.com

On-chain data shows metrics related to network activity have spiked for Ethereum recently, something that could pave way for a further rally. Ethereum Transaction Volume & Whale Transfer Count Have Spiked Recently According to data from the on-chain analytics firm Santiment, Ethereum has seen an uplift in two activity-related metrics. The indicators in question are the Transaction Volume and the Whale Transaction Count. The first of these, the “Transaction Volume,” keeps track of the total amount of the cryptocurrency (in USD) that users on the ETH network are shifting across the network with their transactions. When the value of this metric is high, it means the ETH blockchain is processing the transfer of a large number of coins right now. Such a trend suggests the investors actively invest in asset trading. On the other hand, the low indicator implies the interest in the cryptocurrency may currently be low as the holders are only moving around a low amount of ETH. Now, here is a chart that shows the trend in the Transaction Volume for Ethereum over the last few months: As displayed in the above graph, the Ethereum Transaction Volume has registered a sharp surge recently, implying interest in the asset has increased alongside the price rally. This could be considered a constructive development for the cryptocurrency, as an increasing network activity is generally required for rallies to be sustainable. In the past, some price moves have kicked off sharply, but the Transaction Volume didn’t register much of an increase at the same time. Such moves generally died out before long. The chart also contains the data for the other metric of relevance here, the “Whale Transaction Count.” This indicator measures the total amount of ETH transfers valued at more than $100,000. Transactions of this scale are assumed to be coming from the whale entities, so the Whale Transaction Count reflects the activity level of the big-money investors. From the graph, it’s apparent that this indicator has also spiked for Ethereum recently, which implies that the recent increase in the volume isn’t just a sign of interest from the smaller investors but also the humongous hands. Naturally, it’s impossible to say based off these indicators alone, whether the investors are buying or selling, as all types of transactions look the same from their view. Because ETH has seen a sharp rally recently, this activity has probably been for accumulation so far. The analytics firm explains, ETH Price After observing a surge of more than 27% over the last seven days, Ethereum has broken beyond the $3,150 level.

In the tech-savvy city of Tokyo, where online culture and technology intersect, Hiroshi Tanaka, a 28-year-old software developer, spent his free time indulging in internet memes. Little did he know that his fascination with meme culture would eventually lead him to life-changing financial gains. Starting with a modest investment in Pepe Coin, Hiroshi’s unexpected success paved the way for a deeper dive into the crypto world. Today, he’s turning his focus to more promising, long-term projects like BlockDAG Network (BDAG), leveraging exclusive bonuses to maximize his holdings. The Meme Coin Sensation: From Fun to Fortune In April 2023, the launch of Pepe Coin (PEPE) caught the attention of meme enthusiasts worldwide. Inspired by the iconic “Pepe the Frog” meme, this new cryptocurrency quickly became the talk of the internet. For Hiroshi, a dedicated follower of meme culture, the launch was too good to pass up. He decided to invest a modest sum of ¥10,000 (approximately $75 USD) into the token, seeing it as a way to honor his love for memes. To his surprise, the value of PEPE surged dramatically over the following months. By May 2024, the token’s value had peaked at $0.00001717 per coin, driven by strong community support and viral marketing. Hiroshi’s investment of ¥10,000 turned into an impressive ¥1,900,000 (around $13,000 USD), yielding a return of over 19,000%. This unexpected windfall opened Hiroshi’s eyes to the world of cryptocurrency investing. Shifting Focus: The BlockDAG Presale Opportunity With newfound confidence, Hiroshi began searching for more sustainable crypto investments. His research led him to BlockDAG Network, a cutting-edge blockchain project that leverages a Directed Acyclic Graph (DAG) structure to achieve higher scalability and efficiency than traditional blockchains. BlockDAG aims to power decentralized finance (DeFi) solutions and Web3 applications, making it an attractive option for long-term growth. The ongoing presale of BlockDAG has been making headlines, having already raised over $117 million across 25 batches. Analysts are predicting that the presale could reach a total of $600 million. Intrigued by the project’s potential, Hiroshi decided to invest a significant portion of his recent gains into BDAG coins. To maximize his investment, Hiroshi took advantage of the current BULLRUN100 bonus code. This exclusive offer allowed him to not only double his token holdings but also gain early access to BlockDAG’s upcoming airdrops. These additional perks further solidified Hiroshi’s belief in the project’s future, positioning him for potential long-term gains as the network grows. By using the BULLRUN100 code, Hiroshi strategically increased his exposure to the project’s potential, ensuring that he is well-positioned to benefit from its anticipated growth. The promise of exclusive airdrops and early access to new features has made his investment in BlockDAG even more enticing. Conclusion From a meme-loving enthusiast to a savvy crypto investor, Hiroshi’s journey illustrates the exciting possibilities of the digital asset world. His story began with a lighthearted investment in Pepe Coin, turning into substantial returns and a newfound passion for crypto. Now, with a focus on sustainable projects like BlockDAG, Hiroshi is leveraging his experience and bonuses to build a solid portfolio. The world of cryptocurrency remains unpredictable, yet Hiroshi’s success story underscores the importance of curiosity, timely decisions, and leveraging available opportunities like bonus codes and airdrops. Website: https://blockdag.network Presale: https://purchase.blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

A recent analysis from BaroVirtual, a CryptoQuant analyst, offers a nuanced perspective on the current state of the Bitcoin market. According to the analyst, fluctuations in the Coinbase premium—a key metric that tracks the price difference between Bitcoin on Coinbase and other exchanges—can offer significant insights. Retail Leverage And Premiums: A Double-Edged Sword Rising or elevated Coinbase premiums typically suggest intense buying pressure, indicating strong medium-term sentiment for Bitcoin. However, BaroVirtual warns that in the short term, these high premiums may present a double-edged sword, as they often precede a localized downward movement in Bitcoin’s price. This phenomenon stems from market dynamics, as high premiums reflect surges in demand that can lead to overheating. When this occurs in combination with a high volume of leveraged retail positions and an excessive number of long contracts, the risk of a market pullback increases. Notably, BaroVirtual pointed out that this scenario has been evident in some Asian exchanges, where traders’ aggressive positions and leveraged setups further amplified market vulnerabilities. The analyst’s observations extend beyond the Coinbase premium to the broader market context. When premiums soar, they signal strong demand and positive sentiment among investors. This can provide a floor for Bitcoin’s price, strengthening support levels and creating a bullish sentiment over the medium term. However, in the short run, the influx of highly leveraged retail positions can destabilize market balance, leading to sharp corrections. High leverage implies that even minor price swings can force liquidations, exacerbating downward price movements. The CryptoQuant analyst emphasized leverage dynamics’ major role in determining bullish trends’ sustainability. Retail traders’ aggressive positioning on some Asian exchanges reflects a growing risk appetite, which may lead to sudden market shifts if sentiment turns or if premiums dip. Bitcoin Nears $100,000 After previously trading just above $83,000 earlier today, Bitcoin’s price has now pushed further. So far, BTC has achieved a latest all-time high of (ATH) of $84,929 less than an hour ago. However, the asset has seen a slight correction with a current trading price of $84,929, at the time of writing. Regardless of this slight pullback, with the current bullish momentum in Bitcoin, it is evident that the asset could continue this rally and rise above $85,000 soon, bringing it closer to a six digit ATH of $100,000 and beyond. Renowned crypto analyst known as Javon Marks on X has highlighted that Bitcoin still has “more upside coming” especially since it recently broke above a descending broadening wedge pattern. Featured image created with DALL-E, Chart from TradingView

Cardano price started a consolidation phase below the $0.6650 zone. ADA is holding gains and might aim for a fresh increase above $0.6500. ADA price started a downside correction after a strong rally toward $0.6600. The price is trading above $0.580 and the 100-hourly simple moving average. There is a key contracting triangle forming with support at $0.5780 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $0.6060 resistance zone. Cardano Price Consolidates Gains In the past few days, Cardano saw a major increase above the $0.40 resistance. ADA outpaced Bitcoin and Ethereum. There was a move above the $0.450 and $0.50 resistance levels. It even cleared the $0.600 level. A high was formed at $0.6620 and the price is now consolidating gains. There was a minor decline below the $0.6120 level. The price dipped below the 23.6% Fib retracement level of the upward move from the $0.4277 swing low to the $0.6620 high. However, the bulls are active above $0.5500 and the 50% Fib retracement level of the upward move from the $0.4277 swing low to the $0.6620 high. Cardano price is now trading above $0.580 and the 100-hourly simple moving average. There is also a key contracting triangle forming with support at $0.5780 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $0.6060 zone. The first resistance is near $0.6230. The next key resistance might be $0.6450. If there is a close above the $0.6450 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $0.6800 region. Any more gains might call for a move toward $0.700. More Losses in ADA? If Cardano’s price fails to climb above the $0.6060 resistance level, it could start another decline. Immediate support on the downside is near the $0.5780 level. The next major support is near the $0.550 level. A downside break below the $0.550 level could open the doors for a test of $0.5180. The next major support is near the $0.500 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 level. Major Support Levels – $0.5780 and $0.5500. Major Resistance Levels – $0.6060 and $0.6450.

Analysts reported that there is a growing demand for Ethereum due to the increasing appeal of the digital currency to large investors. The whale activity serves as one of the indicators that the cryptocurrency is gaining momentum for possible significant growth, capitalizing on the positive market sentiment on the crypto industry. Growing Whale Activity Santiment reported that the number of transactions made by Ethereum whales saw a huge spike in recent days. ETH whales refer to large investors who have the capability to influence market sentiments and the availability of digital coins. Analysts said that ETH’s daily transactional value already reached $10.4 billion, fueled by rising whale activity and a growing number of daily Ethereum transactions, saying that this is a bullish indicator for the digital currency’s network. It also indicates that there is an increasing engagement on ETH from large investors, smaller traders, and institutions. According to analysts, Ethereum hit a 14-week high because of the high whale activity, indicating that high-risk investors once again find confidence in the coin. Market traders added that if many large wallets buy or hold ETH, they believe that these activities can benefit the price support and price hike. They view it as a “good signal” of the real state of affairs in the market. On Track To Growth Analysts said that the high volume of ETH transactions indicates that the coin could be closer to a new record high, explaining that these transactions showed that the coin’s draw in a bull market cycle which often led to an increase in crypto price. As of the moment, ETH went up by 5.21% in the past day and is now being traded at $3,184. Market observers noted that a strong network activity in crypto means there is high price stability in the coin’s price, putting ETH both an asset and the ecosystem. A perfect combination that usually guarantees more investors participating in the blockchain. Only The Beginning Analyst Ali Martinez sees ETH breaching the $3,000 mark as a positive sign of a bullish narrative for the coin, saying that is only the beginning of its surge potentially hitting $10,000. Meanwhile, Henrique Centieiro, a venture capitalist, claimed that ETH is moving towards what he coined as the “scarcity mode”. Centieiro explained that more than 42.6% of all Ethereum are currently locked in staking contracts which may contribute to a dwindling availability of the coins in exchanges, a perfect recipe for a price rally. He added that such conditions and the growing appeal of ETH to investors indicate a strong return from ETH in the long run. Featured image from Forbes, chart from TradingView

XRP price is slowly moving higher above the $0.5880 support zone. The price tested the $0.6330 zone and is currently correcting gains. XRP price is struggling to gain pace like Bitcoin. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above the $0.5700 support zone. XRP Price Holds Support XRP price remained supported above the $0.5550 level. It formed a base and started a fresh increase above $0.5800, but gains were limited compared to Bitcoin and Ethereum. There was a move above the $0.6150 and $0.62200 resistance levels. The bulls even pushed the price above the $0.6300 level before the bears appeared. A high was formed at $0.6336 before there was a pullback. The price dipped below $0.6220 and tested $0.6150. It tested the 50% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high. The price is now trading above $0.5980 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $0.5940 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5709 swing low to the $0.6336 high. On the upside, the price might face resistance near the $0.6150 level. The first major resistance is near the $0.6220 level. The next key resistance could be $0.6350. A clear move above the $0.6350 resistance might send the price toward the $0.6465 resistance. Any more gains might send the price toward the $0.6550 resistance or even $0.6720 in the near term. The next major hurdle might be $0.6880. Another Drop? If XRP fails to clear the $0.6150 resistance zone, it could start another decline. Initial support on the downside is near the $0.5980 level. The next major support is near the $0.5940 level and the trend line. If there is a downside break and a close below the $0.5940 level, the price might continue to decline toward the $0.5700 support in the near term. The next major support sits near the $0.5550 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.5980 and $0.5940. Major Resistance Levels – $0.6150 and $0.6350.

Mendoza, Argentina, November 12th, 2024, Chainwire In a big step for decentralized technology, Deutsche Telekom MMS has partnered with Meta Pool as part of its Enterprise Node Operator (ENO) program, becoming the first telecommunications giant to operate a validator node on the NEAR blockchain. This collaboration not only enhances NEAR’s network security and decentralization but also signals a new era of enterprise-driven blockchain adoption, powered by Meta Pool. Meta Pool, a leader in liquid staking solutions on NEAR, developed the ENO program to connect established industry leaders with the decentralized ecosystem. By joining this initiative, Deutsche Telekom provides NEAR with enterprise-grade infrastructure that boosts both network reliability and performance. This partnership marks a milestone in Meta Pool’s mission to transform the decentralized ecosystem, elevating NEAR’s technology to new levels of scalability and security through trusted industry partnerships. About Meta Pool Meta Pool is a multi-chain liquid staking ecosystem and a DAO with multi-chain governance on NEAR and Ethereum. It offers Vote-to-Earn governance rewards, Liquid Staking Tokens on Ethereum, NEAR, Solana, Aurora, ICP, and Q, and Solana’s first restaking aggregator, supporting mpSOL, jitoSOL, bSOL, and SOL. Meta Pool makes liquid staking simple and accessible across multiple blockchains, with plans for further expansion. A Visionary Collaboration for Decentralized AI and Blockchain Innovation Meta Pool’s ENO program was designed to bridge traditional and decentralized worlds, creating a robust and resilient network on NEAR through partnerships with industry leaders. By joining this initiative, Deutsche Telekom empowers NEAR with the infrastructure to support decentralized applications at scale, opening doors for new advancements in AI, blockchain scalability, and multi-chain interoperability. With Meta Pool’s ENO program as the foundation, Deutsche Telekom is taking a leap toward reimagining the future of decentralized networks. Meta Pool, Deutsche Telekom, and NEAR: Building a User-First, Decentralized Future In an era where data sovereignty and transparency are paramount, Meta Pool’s ENO program brings companies like Deutsche Telekom into the NEAR network, securing blockchain and AI solutions that empower users. This partnership sets the stage for a privacy-focused, decentralized future, championed by industry leaders committed to the transformative power of blockchain. NEAR Protocol – A Unique Foundation for Decentralized Innovation NEAR is a high-performance, environmentally sustainable Layer 1 blockchain built to host decentralized applications for millions of users. Thanks to its unique sharding technology, NEAR enables fast, energy-efficient transactions, making it a “green” alternative within blockchain technology. NEAR aligns with Meta Pool’s mission to advance accessible, eco-friendly blockchain solutions that support a more inclusive digital future. Through Meta Pool’s ENO program, Deutsche Telekom gains access to cutting-edge blockchain insights, reinforcing its leadership in decentralized AI. This partnership reflects a shared commitment to exploring Web3 possibilities, setting the stage for a more transparent, secure, and innovative digital world. Contact Pablo Vazquez Meta Pool [email protected]

According to statistics provided by DeFiLlama, Binance, which is the leading blockchain ecosystem in the world and the biggest cryptocurrency exchange in terms of trading volume and users, has achieved two consecutive billion-dollar inflow weeks. This brings the total amount of net inflows for the month of November to more than $5 billion dollars. This number is five times higher than the net inflows of the platform that comes in second place in terms of size. Binance’s position as the preferred trading platform is further strengthened by this exceptional expansion, which comes at a time when market demand is increasing and interest in digital assets is growing further. Following the outcome of the presidential election in the United States, Binance had more than 13 million app visitors in a single day on Wednesday, November 6. This coincided with the increased attention that was received. As a result of this trend, the user asset holdings on Binance have hit $130 billion, as documented on DefiLlama’s dashboard. This is the greatest user asset holding on Binance since the company started disclosing Proof of Reserves two years ago. In addition to this, CryptoQuant reported that Binance’s reserve percentage, which indicates the proportion of reserves kept on Binance in comparison to all exchange reserves, increased to 25% this month, which is a 4% increase from 21% in November 2023. Users’ unwavering faith in Binance as their go-to platform for safely managing and protecting their digital assets is bolstered by these significant accomplishments. The recent boost in user activity is also reflective of larger market trends: since November 5th, the price of Bitcoin (BTC) has increased by the equivalent of over twenty percent, while the price of Ether (ETH) has increased by thirty percent. The significance of digital assets as an essential element of the contemporary financial landscape is brought into focus by the price swings that have followed. Richard Teng, CEO of Binance, shared: The CEO added: Despite the fact that the cryptocurrency sector is continuously evolving and participating in mainstream conversations, Binance continues to be committed to offering its customers all over the globe with an ecosystem that is safe, transparent, and comprehensive.

Leading cloud liquidity infrastructure Orderly Network has announced that it has expanded to Avalanche, a high-performance blockchain platform designed to support custom blockchain networks and decentralized applications. It solves issues with scalability, centralization, and poor transaction speeds that were present in previous blockchain systems. Avalanche is renowned for its efficiency; it can complete a transaction in less than two seconds and execute over 4,500 transactions per second. Avalanche’s consensus process, which securely validates transactions, is one of its distinctive features. This system, which sets a high bar for blockchain technology, is designed to be safe, quick, and energy-efficient using the patented Avalanche consensus. By combining all orders into one shared orderbook across many chains, Orderly Network’s cloud liquidity infrastructure improves trading efficiency. Deeper liquidity and narrower spreads are provided by this method, which unifies the liquidity landscape. Built on top of the OP Stack, the Orderly Chain serves as the settlement layer and ledger for all transactions by combining LayerZero’s cross-chain messaging protocol with Celestia’s data availability. Builders can quickly implement futures trading solutions and create a wide variety of financial products for traders using Orderly’s cutting-edge on-chain orderbook and deep liquidity solutions. Through front-end interfaces linked to Orderly’s sophisticated perps infrastructure Orderly reduces the risks involved in cross-chain bridging and wrapped asset transfer, freeing developers to concentrate on improving user experience. Polygon, Arbitrum, Optimism, Base, Ethereum mainnet, and Mantle are the six chains that Orderly now supports; Solana will be added shortly. This Avalanche expansion improves liquidity and expands access to the ecosystem by enabling traders on Avalanche to easily communicate with EVM and non-EVM traders from other well-known chains. This expansion is an important turning point for Orderly Network and demonstrates its dedication to increasing liquidity availability and developing safer, more effective trading options. Orderly is positioned to link an even larger community of developers and traders by integrating with Avalanche, encouraging innovation and establishing new benchmarks for cross-chain trading in the future.

Truflation, a leader in real-time financial data and real-world asset indices, is pleased to announce the GameFi Index‘s launch. Referred as Play-to-Earn (P2E) protocols, this cutting-edge tool is designed to monitor the return performance of popular blockchain-based gaming platforms. As of Q2 2024, the GameFi sector has attracted over $1.1 billion in investments (Kraken), and at a 68% annual growth rate, the sector is predicted to reach $302 billion by 2030. The GameFi Index is a comprehensive measure of the GameFi industry’s success that goes beyond token price alone. It was introduced in partnership with well-known blockchain gaming advocate EllioTrades. It gives further insight into industry growth by using both trading and user indices to monitor engagement, market cap, and trading volume, as well as metrics like fully diluted valuation and token holder counts. The GameFi Index: What It Tracks In order to better represent the potential and resilience of the GameFi ecosystem, the Truflation GameFi Index aggregates user and trading metrics from popular protocols and games. Highlights consist of: Top Protocols: A select group of platforms, including Toncoin (TON), Avalanche (AVAX), Beam (BEAM), Ronin (RON), Superverse (SUPER), Immutable (IMX), and Polygon (POL). In order to provide varied representation, protocols are evaluated using a 50% weighting within the index and parameters such as market capitalization and daily trading volume. Top Games: At the moment, 28 games that have daily minimum unique active wallets of 50,000 are included in the index. World of Dypians, Pixels, KGeN, Apeiron, Alien Worlds, and Axie Infinity are a few of the well-known games in the index. The weighting of games is determined by comparing the aggregate sum to the number of distinct active wallets. GameFi Sector Overview Blockchain-based gaming is revolutionizing the digital economy thanks to the emergence of AAA and AA blockchain games, role-playing game mechanics, and creative in-game economies. According to the Nansen Report, role-playing games, immersive Web3 experiences, and economy-building capabilities that provide players direct rewards for their in-game efforts are important growth areas. Stefan Rust, CEO of Truflation stated: